ICOs are increasingly just for venture capitalists

The rollercoaster-get-rich ICOs of 2017 are over - crypto companies are waking up to the idea that VC investors aren't so bad after all.
Companies used initial coin offerings to raise some $5.5 billion in cryptocurrency-based funding last year. As an emerging investment system with no regulation, nearly anyone was allowed in. The knock-on effect was that many who rode the wave made huge profits, often into the millions of U.S. dollars, as a 10X return seemed to become the minimum standard among those getting crypto-rich.
The trend went into overdrive in 2018, when the price of Bitcoin hit...Read more ...